HomeMy WebLinkAboutItem No. 23 Reso FY 2020-21 Special Taxes CFD No. 90-2 Tuscany HillsCity of Lake Elsinore
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130 South Main Street
Lake Elsinore, CA 92530
www.lake - elsinore.org
Ne °— IKikr- ' City Council Agenda Report
File Number: ID# 19 -637
Agenda Date: 6/23/2020 Version: 1 Status: Approval Final
In Control: City Council / Successor Aqency File Type: Successor Consent
Item
Agenda Number: 23)
Resolution Confirmina Fiscal Year 2020 -21 Snecial Taxes for Communitv Facilities District
CFD) No. 90 -2 (Tuscany Hills Public Improvements
Adopt A RESOLUTION OF THE CITY COUNCIL AS THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, REQUESTING THE
TAX COLLECTOR OF THE COUNTY OF RIVERSIDE TO PLACE SPECIAL TAXES ON
PROPERTIES WITHIN CFD NO. 90 -2 FOR FISCAL YEAR 2020 -21.
City of Lake Elsinore Page 1 Printed on 611812020
CITY OF
LADE LSIIE
,, DREAM EXTREME
,,7DREAM
TO SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To: Honorable Agency Chairman and the Members of the Successor Agency
From: Grant Yates, Executive Director
Prepared by: Jason Simpson, Assistant Executive Director
Date: June 23, 2020
Subject: Resolution Confirming Fiscal Year 2020 -21 Special Taxes for Community
Facilities District (CFD) No. 90 -2 (Tuscany Hills Public Improvements)
Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL AS THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA,
REQUESTING THE TAX COLLECTOR OF THE COUNTY OF RIVERSIDE TO PLACE SPECIAL
TAXES ON PROPERTIES WITHIN CFD NO. 90 -2 FOR FISCAL YEAR 2020 -21.
Background
The City Council, as the Successor Agency to the Redevelopment Agency, is required by the
County of Riverside to provide a certified Resolution to the Auditor /Controller's office each year
to confirm special taxes for the property tax roll for CFD No. 90 -2. This will be the twenty -sixth
year that CFD special taxes are levied in CFD 90 -2.
Discussion
The FY 2020 -21 budget for CFD 90 -2 is comprised of bond debt service payments and
administrative costs. In addition, the Mello -Roos Act authorizes the increase of the CFD tax up
10% for anticipated futures delinquencies. In order to make sure funds are available to pay the
required bond debt service payment on the bonds, the levy includes only 3% for anticipated
property tax delinquencies. The total tax levy for FY 2020 -21 is $1,507,766.93.
Fiscal Impact
There is no fiscal impact directly associated with this item. The CFD levy includes administrative
fees and an amount sufficient to cover direct costs as well as the required bond debt payments.
Exhibits
A — Resolution
RESOLUTION NO. SA 2020-
A RESOLUTION OF THE CITY COUNCIL AS THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA,
REQUESTING THE TAX COLLECTOR OF THE COUNTY OF RIVERSIDE TO PLACE
SPECIAL TAXES ON PROPERTIES WITHIN COMMUNITY FACILITIES NO. 90 -2
Whereas, the City Council as the Successor Agency of the Redevelopment Agency of the City of
Lake Elsinore, California (the "Agency "), has heretofore instituted and conducted proceedings
under the terms and provisions of the Mello -Roos Community Facilities Act of 1982 (the "Act "),
being Chapter 25 of Part 1 of Division 2 of Title 5 (commencing at Section 53311) of the State of
California Government Code for the acquisition and construction of certain public works of
improvements, together with appurtenances and appurtenant work in a special tax district
designated as COMMUNITY FACILITIES DISTRICT NO. 90 -2 (TUSCANY HILLS PUBLIC
IMPROVEMENTS), herein after referred to as CFD 90 -2; and,
Whereas, Agency Resolution RDA No. 90 -6 adopted on October 24, 1990, the "Resolution of
Intention "; Agency Resolution No. RDA 90 -12 entitled "A Resolution Declaring Results of Special
Election and Directing Recording of Notice of Special Tax Lien ", adopted November 27, 1990; and
Agency Ordinance No. RDA 1 entitled "An Ordinance of the Governing Board of the
Redevelopment Agency of the City of Lake Elsinore Levying Special Taxes Within the
Redevelopment Agency of the City of Lake Elsinore Community Facilities District No. 90 -2
(Tuscany Hills Public Improvements) ", adopted December 11, 1990; and,
Whereas, all special taxes in this district were levied without regard to property valuation.
NOW, THEREFORE, the City Council of the City of Lake Elsinore, California, does hereby resolve
as follows:
Section 1. That the portion of the principal, interest and other costs related to CFD 90 -2 due or
coming due through June 30, 2021, be placed on the County Tax Rolls and be collected by the
Riverside County Tax Collector, as provided for in Exhibit "A" (a summary of fixed charges).
Section 2. That the properties to be so assessed and the related amounts are submitted via File
Transfer Protocol (FTP) as requested by the Riverside County Tax Collector, further identified as
County Fund No. 68- 2364 -FC.
Section 3. This Resolution shall take effect from and after the date of its passage and adoption.
SA Reso. No. 2020 -
Page 2 of 4
Passed and Adopted on this 23rd day of June, 2020.
Brian Tisdale, Chair
Attest:
Candice Alvarez, MMC
Clerk of the Successor Agency
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Candice Alvarez, Clerk of the Successor Agency of the Redevelopment Agency of the City of
Lake Elsinore, California, do hereby certify that Resolution No. SA 2020- was adopted by the
Successor Agency of the City of Lake Elsinore, California, at the Regular meeting of June 23,
2020, and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Candice Alvarez, MMC
Clerk of the Successor Agency
SA Reso. No. 2020 -
Page 3 of 4
SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE
EXHIBIT "A"
COMMUNITY FACILITIES DISTRICT 90 -2
(TUSCANY HILLS PUBLIC IMPROVEMENTS)
SUMMARY OF FIXED CHARGES FOR TAX ROLL
FISCAL YEAR 2020 -21
FUND NUMBER 68- 2364 -FC
TOTAL PARCELS 770
TOTAL CHARGES $1,507,766.93